Hillenbrand : Announces Retirement of Board Director Gus Hillenbrand
October 05, 2015 at 04:44 pm EDT
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BATESVILLE, Ind., Oct. 5, 2015 /PRNewswire/ -- The Hillenbrand, Inc. (NYSE: HI) board of directors announced today the retirement of board member W August 'Gus' Hillenbrand.
Mr. Hillenbrand's planned retirement concludes a career spanning more than 55 years in the business his grandfather founded. He began his professional life at the Hill-Rom Company and worked his way through the ranks to become President of Hill-Rom, a position he held for seven years. He subsequently joined the Hillenbrand Industries, Inc. corporate team rising to President & CEO, and remained in that role until his retirement from daily management in December of 2000. For over 40 years, Mr. Hillenbrand was an active board member of Hillenbrand Industries, (now Hill-Rom Holdings, Inc.). In 2008, he became a founding director of Hillenbrand, Inc.
'Gus's dedicated leadership and customer focus have had a profound impact on our company,' said Joe Loughrey, Chair of the Board. 'It has been a privilege to serve alongside Gus on this board, and I wish him all the best in his retirement.'
The company has no immediate plans to replace this open position on the board, having recently added a new director in preparation for Mr. Hillenbrand's retirement.
About Hillenbrand
Hillenbrand (www.Hillenbrand.com) is a global diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. We pursue profitable growth and robust cash generation driving increased value for our shareholders. Hillenbrand's portfolio is composed of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. Hillenbrand is publicly traded on the NYSE under 'HI'.
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SOURCE Hillenbrand, Inc.
Corporate Communications for Hillenbrand: Tory Flynn, Director, Corporate Communications, Phone: 812-931-5024, E-mail: Tory.Flynn@Hillenbrand.com; Investor Relations for Hillenbrand: Chris Gordon, Director, Investor Relations, Phone: 812-931-5001, E-mail: Chris.Gordon@Hillenbrand.com
Hillenbrand, Inc. is a global industrial company that provides processing equipment and solutions. The Company operates through two segments: advanced process solutions and molding technology solutions. The advanced process solutions segment is a provider of process and material handling equipment, systems, and aftermarket parts and services for a variety of industries, including durable plastics, food and recycling. This segment's technologies include compounding, extrusion, material handling, conveying, mixing, ingredient automation, portion process, and screening and separating equipment. The molding technology solutions segment provides equipment, systems and aftermarket parts and service for the plastic technology processing industry. This segment has a product portfolio that includes injection molding and extrusion equipment, hot runner systems, mold bases and components, and maintenance, repair, and operating supplies. Its brands include Coperion, Milacron, K-Tron and Rotex.